Use the simplex method to solve the linear programming problem in Section 9.2, Exercise 1. Data From
Question:
Use the simplex method to solve the linear programming problem in Section 9.2, Exercise 1.
Data From Section 9.2 Exercise 1
Transcribed Image Text:
Betty plans to invest a total of $12,000 in mutual funds, cer- tificates of deposit (CDs), and a high-yield savings account. Because of the risk involved in mutual funds, she wants to invest no more in mutual funds than the sum of her CDs and savings. She also wants the amount in savings to be at least half the amount in CDs. Her expected returns are 11% on the mutual funds, 8% on the CDs and 6% on savings. How much money should Betty invest in each area in order to have the largest return on her investments? Set this up as a linear programming problem in the following form: Maximize c¹x subject to Ax≤ b and x > 0. Do not find the solution.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (7 reviews)
From the bottom row of the tableau x must be brought into the solution first ...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Linear Algebra And Its Applications
ISBN: 9781292351216
6th Global Edition
Authors: David Lay, Steven Lay, Judi McDonald
Question Posted:
Students also viewed these Mathematics questions
-
Use the simplex method to solve the linear programming problem in Section 9.2, Example 1. Data From Section 9.2 Example 1 EXAMPLE 1 The Shady-Lane grass seed company blends two types of seed mix-...
-
Use the simplex method to solve the linear programming problem in Section 9.2, Exercise 17. Data From Section 9.2 Exercise 17 The Benri Company manufactures two kinds of kitchen gad- gets: invertible...
-
Solve the linear programming problem in Problem using the simplex method Maximize subject to P = x1 +x2 +2x3 x1 - 2x2 + x3 9 2x1 + x2 + 2x3 28 x1,x2,x3 0
-
Two moles of an ideal monatomic gas go through the cycle abc. For the complete cycle, 800 J of heat flows out of the gas. Process ab is at constant pressure, and process bc is at constant volume....
-
What are the most common guidelines used to determine the monthly mortgage payment one can afford?
-
Flexible Budget In an attempt to improve budgeting, the controller for Meliore, Inc., has developed a flexible budget for overhead costs. Meliore, Inc., makes two types of products, the standard...
-
Olympic figure skating For many people, the womens figure skating competition is the highlight of the Olympic Winter Games. Scores in the short program x and scores in the free skate y were recorded...
-
The following is a list of activities that companies perform in relation to their receivables. 1. Selling receivables to a factor. 2. Reviewing company ratings in The Dun and Bradstreet Reference...
-
Renfro Rentals has issued bonds that have a 7.9% coupon rate, payable semi-annually. The bonds mature in 8 years, have a face value of $1,000, and a yield to maturity of 8.5%. What is the price of...
-
In Exercises 1720, use the simplex method to solve the dual, and from this solve the original problem (the dual of the dual). Minimize subject to 10x + 14x2 x + 2x + 3x1 + and x0, x2 0. 2x 3 X 4...
-
Solve the matrix games in Exercises 23 and 24 by using linear programming. 2 -4 -1 0 5 3
-
How do taxpayers' explicit marginal tax rates affect their decision to purchase municipal bonds?
-
Please help. I would really appreciate it. Question 1. Polly owns an electric power plant in the city of Newtown. The market price of electricity in Newtown is $1.00 per kilowatt hour (kwh). Polly's...
-
(Appendix 3A) Jenson Manufacturing is developing cost formula for future planning and cost control. Utilities is one of the mixed costs associated with production. The cost analyst has suggested that...
-
A company has the following trial balance as at 31 December 2015: TRIAL BALANCE AS AT 31 DEC 2015 Dr Cr Sales Revenue 125 000 Purchases 78 000 Carriage 4 000 Electricity and rent 5 100 Administrative...
-
What gets printed to the screen by the following segment of code? String str1 = "hello"; String str2 = "world"; if (!strl.equals(str2)) { System.out.println(str1+" "+str2); } else { }...
-
a) Consider the following financial data (in millions of dollars) for Costello Laboratories over the period of 2014-2018: Year Sales Net income Total assets Common equity 2014 $3,800 $500 $3,900...
-
Sec18 is a yeast gene that encodes NSF. It is a class C mutant in the yeast secretory pathway. What is the mechanistic role of NSF in membrane trafficking? As indicated by its class C phenotype, why...
-
The manager of a local convenience store is expanding his line of small toy items. To price these new items, the manager is looking at the prices being charged by competing retailers in his area. For...
-
A consumer products company is formulating a new shampoo and is interested in foam height (in millimeters). Foam height is approximately normally distributed and has a standard deviation of 20...
-
In Exercise 9-15, find the boundary of the critical region if the type I error probability is (a) = 0.01 and n = 10 (b) = 0.05 and n = 10 (c) = 0.01 and n = 16 (d) = 0.05 and n = 16
-
In Exercise 9-15, calculate the probability of a type II error if the true mean foam height is 185 millimeters and (a) = 0.05 and n = 10 (b) = 0.05 and n = 16 (c) Compare the values of calculated...
-
There are three basic approaches to CVP analysis - equation approach, contribution margin approach, and the contribution ratio margin approach. How are these approaches similar and how do they...
-
There are six farmers in Great Britain with access to government land to graze their cows for free. They all must share the land. Each farmer has an individual incentive to put as many of his cows on...
-
Describe several common sources of yardstick data that you can use as bases for developing forecast assumptions
Study smarter with the SolutionInn App